| Home Loan Lender |
 |
RAMS Home Loan |
|
| Home Loan Product Name |
10 yr fixed |
| Interest Rate |
7.19% |
Comparison Rate
Estimated |
7.38% |
| Amount |
$150,000 |
| Term |
30 years |
Initial Monthly Payment
Estimated |
$1,017.17 |
Monthly Payment
Estimated |
$1,025.00 |
Total Paid
Estimated |
$372,235 |
| Establishment Fee |
$595.00 |
| Enquire/Apply |
 
|
| Target Market |
Savvy customers eligible for professional pricing who want a flexible fixed rate loan.
,
Customers who have a longer term ownership horizon who want to benefit from lower rates in the earlier stages of their loan
,
Business purpose loans, loan amount and LVR restrictions apply refer separate guidelines. |
| Acceptable Income |
PAYG Salary / Wages /Self Employed |
| Loan Term |
1, 2, 3, 4, 5 and 10 yr fixed term. |
| Loan Size |
Minimum $25K.
,
No Maximum |
| Repayment Type |
Fixed 1 to 5 & 10 year
,
Principal and Interest & Interest Only term 1 - 5 years & 10 yrs (NB. 10 yrs IO for Investment purpose only & IO can not be less that fixed term) |
| Repayment Options |
Weekly, fortnightly or monthly.
,
Available as an interest only or principal and interest option.
,
Available for accelerated payments. |
| Extra Repayments |
|
| Split Loan Facility |
Available at anytime minimum of $25k. |
| Offset |
Not available. |
| Redraw Facility |
Redraw $10 Fee. Minimum redraw amount $1000. |
| LVR |
Owner Occupied Maximum LVR 100%
,
Investment Maximum LVR 100%
,
Construction Maximum LVR 95% plus LMI capitalisation Maximum 98%
,
Refinancing Maximum LVR 95%
,
Debt consolidation Maximum LVR 95% |
| Fees |
Application Fee $395.
,
Valuation Fee $200.
,
Discharge Fee $295 plus legals.
,
Loan Settlement Fee $250 (shown as Mortgage Prep Fee).
,
Account Servicing Fee $120 p.a.
,
Redraw Fee $10
,
Early payout: Years 1-3: 1% of the original loan amount. Plus Break costs for fixed period
,
Fixed Rate Lock-in Fee = 0.15% of credit limit available at application |
| Enquire/Apply |
|